the "4" in "t+4" refers to the trading day, not the working day. For example, the 25th of this month is a Saturday, which means work. This day is called a working day, but T+4 can't include 25th, because 25th is not a trading day.

why do some bank funds take T+4 days to redeem? How long does it take for a general fund to be redeemed?

the confirmation of fund share return to the bank card depends on the transaction time, with 3 pm on the trading day as the boundary, every other trading day or two; If the money is returned to the bank card, it depends on the time of confirming the fund share and the time of clearing the fund. Different funds and different platforms have different payment speeds.

1. 3: pm is the dividing line

Redemption of fund shares will be made before 3: pm on the trading day, and the shares will be calculated based on the net value of the fund on that day (the net value of the fund on that day will be announced at 8: pm), and the shares will be confirmed on the second trading day. After the fund shares are confirmed, the fund company will start to repay the investors. The specific time depends on the fund company and the fund sales platform. Usually, the fund shares can be refunded to the platform account on the day of confirmation (generally in the form of the account of

2.T is a trading day, excluding Saturday, Sunday and holidays

From the above, the redemption of funds is usually T+1 or T+2, and there is no such thing as T+4. Please note that T means the trading day, not the specific date. For example, in the case of Saturday, Sunday or holidays, the payment will be postponed, but it cannot be expressed by T+3 or T+4. Does the so-called "T+4" calculate the holidays?

if it takes a total of * * * 4 days to return the money, it is possible, not only for banks, but also for all fund sales platforms, because "T" refers to the trading day, and Saturday, Sunday and holidays need to be postponed.

3. It usually takes 1-2 trading days for the bank card to arrive.

Of course, it should be noted that there is a difference between returning money to the bank card and returning money to the sales platform account (through the money fund account). The above all means that the sales platform account can be quickly withdrawn through the platform account, and the day of quick withdrawal of money fund is limited to 1,.

if you want to return to the bank card directly, it depends on the payment made by the custodian bank to the personal bank card. Some funds are redeemed quickly, while others are redeemed slowly, usually one or two trading days later than the platform account. That is to say, if you buy a fund through a bank and there is no platform account, there is always a * * * "T+4" from redemption to bank card receipt, not only for banks, but also for many fund sales platforms. If you want to get the account faster, you usually redeem it to the sales platform account instead of directly redeeming it to the bank card.

however, it should be noted here that the account of the sales platform can be used to make money on the 1th, for example, this is the wallet with a straight flush. If you want to return to the bank card directly, it will take two working days, that is, it will take 12 days to make the payment-that is, "T+4". If you count Saturday and Sunday, it will take 6 days.